Terra’s UST Stablecoin Now Interacts with Bitcoin “Natively”: Here’s How


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Vladislav Sopov

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In Thorchain (RUNE), Terra USD can be exchanged for Bitcoin (BTC) natively, Erik Voorhees of ShapeShift reports

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Terra (LUNA), the largest smart contracts platform outside Ethereum (ETH), is now seamlessly integrated by Thorchain (RUNE) protocol. Here’s what this means for UST stablecoin holders.

UST/BTC exchange on Thorchain: native, decentralized, low-fee

Blockchain veteran Erik Voorhees, founder of ShapeShift cryptocurrency platform, has taken to Twitter to share a screenshot of Terra USD (UST) to Bitcoin (BTC) conversion on Thorchain (RUNE).

As displayed, UST can be exchanged on Bitcoin (BTC) natively, with no intermediaries or third-party conversion instruments. This opportunity totally changes the narrative in UST interoperability.

Mr. Voorhees stresses that this option is “revolutionary.” Do Kwon, co-founder of Terraform Labs, the development studio behind Terra (LUNA) blockchain and UST stablecoin, echoes his words:

The largest decentralized money on the the most decentralized exchange. Giant step forward for crypto.

As such, Terra (LUNA) is now a part of cross-network ecosystem of Thorchain that has already integrated Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH) and BNB Chain (formerly Binance Smart Chain).

Related:  Will LUNA Recover - Terra and UST Recovery Plan

Terra (LUNA) DeFi ecosystem adds 50% to its TVL in 30 days

The conversion of 10,000 UST (equivalent of $10,000) to Bitcoin (BTC) is only charged with negligible $2.58 fees: commission rates, therefore, are as low as 0.0258%.

Terra (LUNA) is the fastest-growing DeFi ecosystem of the Web3 scene. Currently, the total value locked in its DeFi protocols eclipses $26.2 billion.

Amid a series of partnership and integrations, Terra’s TVL spiked by 50% in one month. Polkadot, Near and Theta ecosystems are also witnessing impressive inflows of capital.




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